Funding arb · Price arb /

NAS100

RWAall NAS100 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.085%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.085%, 7d avg −0.027%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.112% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NDX100USDT	30,555	0	get 0.0000% / 8h	7h 23m	$3.5M	$667K	50x
Short	OKX US100-USDT-SWAP	30,581	0	get 0.0000% / 8h	7h 23m	$261K	$357K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.027%: $11.22
Slippage, 4 orders: −$13.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.05
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	2.13 bp	11.1 bp −$11	37.2 bp −$372	doesn't fit	doesn't fit
Sell OKX live order book, 47 min ago	0.16 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit

NAS100 on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NAS100_USDC	−0.0214%	8h	30,566.2	+0.037%	$102K	$38K	20x	as long as short
Gate NAS100_USDT	−0.0200%	8h	30,564.2	+0.030%	$1.8M	$3.6M	100x	as long as short
MEXC NAS100_USDT	−0.0094%	8h	30,577	+0.072%	$22.0M	$19.6M	200x	as long as short
OKX US100-USDT-SWAPshort	0.0000%	8h	30,581	+0.085%	$261K	$357K	20x
Bitget NDX100USDTlong	0.0000%	8h	30,555	long leg	$3.5M	$667K	50x
Bullet US100-USD	0.0000%	1h	30,576	+0.069%	$4K	$90K	10x	as long as short
Phemex NAS100USDT	0.0000%	4h	30,517.7	−0.122%	$1.4M	$170K	10x	as long as short
QFEX US100-USD	+0.0002%	1h	30,576	+0.069%	$1.4M	$1.0M	30x	as long as short
Lighter US100	+0.0032%	1h	30,570	+0.049%	$3.9M	$94.0M	30x	as long as short
Extended TECH100m-USD	+0.0032%	1h	30,577.2	+0.073%	$2.1M	$5.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NDX-USD-PERP	+0.0046%	1h	30,861.5	+1.003%	—	$194.9M	50x	as long as short
Paradex US100-USD-PERP	+0.0050%	8h	30,568.9	+0.045%	—	—	5x	as long as short
Polymarket Perps NAS100-USD	+0.0050%	1h	30,577	+0.072%	$7.2M	$1.9M	50x	as long as short
Ondo Perps US100-USD.P	+0.0174%	1h	30,583.9	+0.094%	$6.0M	$8.7M	25x	as long as short
Kraken Futures PF_US100USD	+0.2933%	1h	30,642.4	+0.286%	$127K	$125K	20x	as long as short